Trump threatens his “friend” Tim Cook by 25 % of iPhone if Apple does not transfer production to us

Photo of author

By [email protected]


President Donald Trump’s desire to create a golden age for American manufacturing in the center of his commercial war – the cursed innovation – and his friends cannot circumvent him. Friday, Trump threatened Apple by 25 % on any floors that are not made in the United States

“I have long reported Tim Cook from Apple that I expect to be manufactured in the United States of America that will be sold in the United States of America and built in the United States, not India, or anywhere else,” Trump wrote on the social truth. “If not, then a tariff should be paid at least 25 % by Apple to the United States.”

In addition, Trump criticize The European Union “formed for the basic purpose is to benefit from (the United States) on trade” and threatened them with 50 % definitions starting from June 1 because, apparently, it was “very difficult to deal with.” After Trump’s publications, Apple shares decreased 4 %.

Since he took office, Trump’s admiration for Protection and gilded age definitions It affected his development and Often contradictory Customs tariff policies. Throughout all of this, China, as Apple produced about 90 % of all iPhone devices, General 1. last month, last month, Apple’s shares lost more than $ 300 billion in one day After Trump slapped the customs tariff for many countries including China, Taiwan, India and Vietnam, which is one of the main manufacturing centers in Apple.

Analysts in UBS investment to caution The mutual definitions of imported goods can significantly raise iPhone prices. Although the administration was presented Electronics exemptions such as phones And computers, Cook said in a quarterly profit call can be the current definitions Apple costs 900 million dollars This quarter.

To reduce the effect, Apple has planned to change the United States’s iPhone production to India By the end of next year. This did not sit well with Trump. Last week in Qatar, it is He said, “I have faced a small problem with Tim Cook. I told him,” Tim, you are my friend. I dealt with you well … but now I hear that you are building all over India. I do not want you to build in India. “

actually, Cook spent years in TrumpWho already mentioned Apple for manufacturing in the United States throughout 2016 during 2016 His first presidential campaign. In January, Cook 1 million dollars donated From his private funds for the opening box Trump. Their relationship has gained some good deeds. In the Washington Post, the Trump administration was to study a policy to impose a 10 % tariff on all imports from China. Cook personally appealed to Trump, and shortly after, the administration expanded its plan and gave exceptions to some electronics, including iPhone devices.

But whoever plays with fire will eventually burn.

Trump’s demands for Apple are a major obstacle to the company. For all the guardian, Dan Eve, an analyst at Wedbush Securities Financial Company, books In a note of investors, “the truth is that it will take three years and 30 billion dollars in our estimate to move 10 % of the Asia Apple to the United States with major disturbances in this process.”

Last month, former US Treasury Secretary Janet Yellen The name Trump’s trade war is “the worst self -wound” by any administration. But during the emergence of Fox News, the current Treasury Secretary Scott Payette He said, “The president is trying to re -manufacture accuracy to the United States and I think one of our greatest weaknesses is this external production, especially in semiconductors, and Apple components are semiconductors.”

However, when asked about what is realistic for Apple to actually comply because moving manufacturing takes time, Bessent replied, “I don’t know from one company to another, so we will have to see it.”



https://gizmodo.com/app/uploads/2024/03/ac7cfd0a81178a3fcc18371e05e707e9.jpg

Source link

Leave a Comment